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Flash: EUR/USD key levels - OCBC

FXStreet (Bali) - Emmanuel Ng, FX Strategist at OCBC Bank, shares some brief comments on the EUR/USD ahead of the FOMC.

Key Quotes

"The EUR-USD was initially hampered by a disappointing German march ZEW reading but the pair managed a subsequent recovery to end slightly higher on the day as Ukraine tensions eased slightly."

"Near term, our view on the pair remains unchanged and expect initial resistance around 1.3970 while support may emerge around the 1.3900/15 area."

EUR/CHF is still sleepy, waiting for catalysts

EUR/CHF is moving within a narrow range early on Wednesday, close to its opening levels of 1.2163
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USD/JPY ignored Kuroda, and returned to 101.50 area

USD/JPY was quite volatily, though in tight ranges starting the day at 101.51, posting low at 101.29 and rebounding back to open levels at the moment.
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